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fasttense

(17,301 posts)
3. We are having a discussion on how to implement Austerity in the US.
Fri Dec 14, 2012, 06:48 AM
Dec 2012

Most states have gutted anything resembling a functional government. They have slashed schools, services, repair work, benefits to retirees including pensions, supplemental health care, food and housing for the poor. Now the RepubliCONS want to do the same thing at the federal level. Already Obama has cut spending for programs and federal pay. Obama agrees with the RepubliCONS that the federal government should impose Austerity. They are just arguing over the details.

All because the banks want the federal government to prove they can pay back the money the federal government has given to the banks to loan back to them. Of course what the FED is funneling to the banks has NOT been cut. They are still getting .25% loans from the FED and the banks are loaning it back to the US at about 3%.

The banks love it but it is NOT helping anyone else.

Now you see their priorities.

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